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The British pound sterling was just sent into oblivion once again as commentators are pointing towards some comments from French President Francois Hollande on ‘hard Brexit’. The bottom fell out from the market as sterling traders headed for the exits.
Commenting to Finance Magnates the Managing Director of Think Liquidity, Jeff Wilkins stated that the market has been forced lower by a liquidity bubble that caught markets off guard. From the looks of it British pound traders are stunned by the move as are some brokers.
The ‘flash crash’ has obliterated a number of traders, but some brokers could also be suffering ... (read more)